Course Detail Information

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MAT 257 - Mathematics of Finance

Prerequisite: A grade of "C-" or better in MAT 111 or MAT 131.

Course Description: This course introduces the student to the theory and application of interest, especially in its impact on making logical financial decisions. Topics include: time value of money, equations of value, simple interest, compound interest, force of interest, analysis of single payment, irregular payment and annuity models with respect to both present and future value, internal rate of return, term of an investment, comparison of frequency of annuity payment to the frequency compounding, sinking fund, repayment of a mortgage and refinancing, valuation of a bond and depreciation.

Course Rotation: NYC: Spring - Even years.

3.000 Credit hours
3.000 Lecture hours

Levels: Undergraduate
Schedule Types: Lecture, Tutorial

Mathematics Department

Course Attributes:
Inquiry and Exploration

Must be enrolled in one of the following Levels:     

Undergraduate level MAT 111 Minimum Grade of C- or Undergraduate level MAT 131 Minimum Grade of C-